HB4089 - 104th General Assembly

INC TX-ESTIMATED PAYMENTS
Last Action
10/15/2025 - House: Referred to Rules Committee
House Sponsors
Rep. Travis Weaver
Statutes Amended In Order of Appearance
35 ILCS 5/803from Ch. 120, par. 8-803
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2026, eligible taxpayers that are not corporations are required to pay estimated tax if the amount payable as estimated tax can reasonably be expected to be more than $25,000 (currently, $1,000). Effective immediately.
Actions
Date Chamber Action
7/24/2025 House Filed with the Clerk by Rep. Travis Weaver
10/15/2025 House First Reading
10/15/2025 House Referred to Rules Committee